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April 11, 2026
3h ago

KRA Issues Notice to Employers on New Rates for 2 Taxes

KRA Issues Notice to Employers on New Rates for 2 Taxes

The Authority urged employers to stay informed about the tax rate changes and comply with reporting timelines to avoid unnecessary penalties...

✨ Key Highlights

The Kenya Revenue Authority (KRA) has announced an updated interest rate for Fringe Benefit Tax and Deemed Interest Rate, effective for the second quarter of 2026.

  • The new market interest rate for these taxes is set at 8%.
  • This rate is determined by the KRA, the national tax collection agency.
  • The rate applies to loans provided by employers to employees at below-market interest, or to non-employees with no interest charged, and is part of a routine quarterly review.

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